Houston-based Geokinetics Inc. will acquire the intellectual property and legacy assets of Geotrace Technologies, a provider of seismic imaging and reservoir analysis services, according to a news release.
Following the transaction, which is expected to be finalized in early 2017, Geokinetics will have sole ownership of Geotrace’s proprietary technology, source code and intellectual property for more than 375 modules. These includes the DIAMOND data processing platform, BE bandwidth extension routine; TrueDepth pre-stack depth migration; orthorhombic pre-stack time and depth migration; reverse time migration and reservoir characterization.
Geotrace’s legacy data processing and software licensing contracts worldwide would also transfer over to Geokinetics, the release said.
Geokinetics provides integrated seismic data acquisition, processing and reservoir analysis solutions.
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